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GATT grew out of the Bretton Woods Agreement (landmark system for monetary and exchange rate in 1944).
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On September 2nd, 1945, Japanese Emperor, Hirohito signs the surrender documents on The USS Missouri, thus officially ending WW2.
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Countries focused on The Simple Trade Agreement. The agreement was to eliminate trade restrictions on October 30th, 1947
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The International Trade Organization (ITO) charter was to be highly ambitious International Trade Organization Trade organization was agreed on.
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23 Countries had signed off on the Simple Trade Agreement putting it into force.
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The Auto-Pact is signed by US President Lyndon Johnson, Secretary of State Dean Rusk, and Canadian External Affairs Minister Paul Martin Sr (Crane, Canada - US Auto Pact).
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The Auto-Pact Achieves its desired effect to help with Canada's trade deficit and small automotive industry. However many International producers are irritated at the tariffs and biases in favour of Canada (Crane Canada - US Auto Pact).
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Pilot Richard Truly deploys the Canadarm for the first time. He also tests the "Canadian-built remote manipulator system" in all of its operating modes
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at the university of Waterloo, Mike Lazaridis founded Research In Motion (RIM) in 1984.
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brain Mulroney became Prime minister of Canada and was the leader of the Progressive Conservative Party. (spotlight canada 1534)
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marks the day negotiators from Canada and America agree on final policies and regulations of free trade agreement.
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free trade agreement signed and put in act.
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gross domestic product (GDP) profit on exports went from 20% before 1988 and in 1990 GDP was up to 45%
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The agreement is sighed by then, Mexican president Carlos Salinos, US president Gorge Bush, and Canadian prime minister Brian Mulroney (MacDonald, North American Free Trade Agreement (NAFTA)).
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This act dictates when and how certain terms of NAFTA will be implemented within Canada as previously agreed upon by NAFTA's member countries (North American Free Trade Agreement Implementation Act).
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In the year 1944 GATT was to be replaced by the World Trade Organization (ITO).
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The first terms of NAFTA are implemented in the member countries. The implementation dates for NAFTA's terms were previously agreed upon but the implementation was individually done by each country through its own systems (Cruxton and Wilson, 509) (MacDonald, North American Free Trade Agreement (NAFTA)).
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Increasing pressure due to Japanese and European producers due to the Auto-Pact's inconvenience caused Canada to repeal it (Crane, Canada - Us Auto Pact .
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The final few terms of NAFTA left unimplemented are put into effect within the member countries (Baum, The Rocky History of NAFTA).
